Is Edmonds, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Edmonds has remained a Seller's Market.
Key Takeaway
Edmonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmonds, WA
How much do homes in Edmonds, WA cost?
Median Sold Price
$831,575
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edmonds have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Edmonds was $831,575 in March 2024, down 2.6% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $449.9K | +5.9% |
| 2 Bedrooms | $597K | $619.3K | +3.7% |
| 3 Bedrooms | $844.4K | $774.9K | -8.2% |
| 4 Bedrooms | $1.1M | $975K | -15.2% |
| 5+ Bedrooms | $1.4M | $1.2M | -15.5% |
Summary: Edmonds housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Lynnwood | $725.3K | $745.2K | +2.7% |
| Mountlake Terrace | $637.5K | $639.5K | 0.3% |
| Shoreline | $805.2K | $792.1K | -1.6% |
| Edmonds | $853.7K | $831.5K | -2.6% |
Housing Supply in Edmonds, WA
How many homes are available in Edmonds, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 135 | 160 | +18.5% |
Summary: The Edmonds real estate market had 160 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 38 | 43 | +13.2% |
| 3 Bedrooms | 32 | 41 | +28.1% |
| 4 Bedrooms | 33 | 48 | +45.5% |
| 5+ Bedrooms | 29 | 23 | -20.7% |
Summary: The Edmonds housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 20.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 62 | +55.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmonds, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Edmonds in March 2024, up by 55.0% month-over-month. Of the 62 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% were sold over asking.
Days on Market for Edmonds, WA
How long does it take to sell a home in Edmonds, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 17 Days | -58.0% |
Summary: Homes in Edmonds had an average of 17 days on market in Mar 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmonds are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 62 homes were sold in Edmonds; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.